The ledger help file covers the basics of accounting and how to enter different kinds of transactions in ledger. This reference <http://timriley.net/appahost/accountancy_model.pdf> was pointed out in a post earlier this year that goes into (way) more depth on the accounting side of things, less on the ledger-cli usage side. It's a great reference not only on how to set up your accounts, but how to enter different kinds of transactions, including simple purchases and sales.
A quick google search for "Chart of Accounts" will also give you lots of starting templates. You might even try adding your industry name to your search and see if you can't get something more tailored to what your business does. Rick On Wednesday, March 11, 2015 at 11:55:14 PM UTC-7, Kev Lau wrote: > > Hi, > i am just trying to make sure my accounts structure are actually making > sense. I am also trying to make sure that I am making transfer transactions > entered correctly. Appreciate some feedback. > Could someone confirm if the structure below is correct? > I am trying to grasp the concept but its a sharp learning curve for me. So > please bare with me > > *ACCOUNT STRUCTURE* > > ASSETS > BusinessName:Assets:Petty_Cash > BusinessName:Assets:Checking:Bank_Name > BusinessName:Assets:Account_Receivable:Customer_Name > BusinessName:Assets:Checking_Deposit > LIABILITIES > BusinessName:Liabilities:Accounts_Payable:Supplier_Name:Invoice > BusinessName:Liabilities:Accounts_Payable:Sales_Tax > BusinessName:Liabilities:Accounts_Payable:Debt:Bank_Name > BusinessName:Liabilities:Accounts_Payable:Debt:Friend_Name > EXPENSES > BusinessName:Expenses:Freight:Forwarder_Name:For_Customer_Name > BusinessName:Expenses:Inspection:Lab_Name:For_Customer_Name > BusinessName:Expenses:Bank_Charge:Bank_Name > BusinessName:Expenses:Rent:Office_Address > CUSTOMER > Customers:CustomerName:Payment:Remittance > Customer:CustomerName:Accounts_Payable > Customer:CustomerName:Invoice > SUPPLIER > Suppliers:SupplierName:Payment:Remittance > Suppliers:SupplierName:Accounts_Receivable > > > > *CASH TRANSFER EXAMPLE* > Just a quick cash transaction between my customer. This would indicate > that the money was paid from my customer to my account? Correct? > > 2015-01-01 Invoice Payment - Invoice Number #343 > BusinessName:Assets:Checking:Bank_Name $200 > Customers:CustomerName:Payment:Remittance $-200 > > *BILL PAYMENT EXAMPLE* > > 2015-01-01 Bill #115 > BusinessName:Assets:Account_Receivable:Customer_Name $400.00 > Customer:CustomerName:Invoice $-400.00 > > 2015-04-01 Bill #115 for CustomerName > BusinessName:Assets:Account_Receivable: $-400.00 * > (once the customer acknolwedges the bill(has not yet paid because of credit > nature) . * > BusinessName:Assets:Checking_Deposit $400.00 > Customer:CustomerName:Equity $-400.00 *(moving > the money from the customers equity fund to the bill payment account - > correct ?) * > Customer:CustomerName:Payment:Bill $400.00 > > 2015-05-01 > BusinessName:Assets:Checking:Bank_Name $400.00 * > (after getting bill paid)* > BusinessName:Assets:Account:Recievable: $-400.00 > > > > > > > > > On Tuesday, March 10, 2015 at 4:59:45 PM UTC+8, Kev Lau wrote: >> >> Hello, >> I have been struggling with setting up my account structure. Appreciate >> if someone could help explain if my structure is correct here. I run a >> small supply shop that sells on credit and was wondering how I should have >> the account structured. >> The problem is that I sometime ship my products overseas because I have >> some customers abroad and I need to keep track of the credit. I also deal >> with overseas suppliers too and need to keep track of them too. I am having >> a hard time figuring out on how I should structure it. Appreciate if >> someone could share some light on this. >> >> This is what I have come up with so far:- >> >> >> ASSETS:NEWYORK:BANK:CASH >> >> EXPENSES:NEWYORK:BANK:FEES >> >> CUSTOMER:DALLAS:DAVE:PAYMENT:INVOICE:002 >> >> SUPPLIER:NEW_JERSY:TUV:PAYMENT:ORDER:002 >> >> >> Does the above seem OK for making a proper account structure? >> I once tried and got it wrong because the structure was not correct. >> >> Kindly please advise(appreciate if someone could post some examples of >> structure) >> >> Thanks >> Kevin >> >> -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
